News Room

Mumbai, 12th March 2025: Gautam Adani’s conglomerate has secured the top bid for the ₹36,000 crore redevelopment project of Motilal Nagar in Mumbai’s Goregaon. This marks the group’s third significant real estate acquisition in the city, following its involvement in the Dharavi slum redevelopment and the purchase of a 17-acre plot in Bandra Reclamation. Motilal Nagar, spanning 143 acres in Goregaon West, is one of Mumbai’s largest housing redevelopment initiatives. Adani Properties Pvt Ltd (APPL) outbid its closest competitor, L&T, by offering a higher built-up area. A Letter of Allotment (LoA) is expected to be issued soon. Last week, the Bombay High Court granted permission to the Maharashtra Housing and Area Development Authority (MHADA) to carry out the redevelopment through a designated construction and development agency (C&DA). The Maharashtra government had classified Motilal Nagar as a ‘special project,’ allowing MHADA to oversee it while engaging a C&DA due to financial and operational constraints in executing the project independently. The redevelopment is estimated to cost around ₹36,000 crore, with a planned rehabilitation period of seven years from the project’s commencement. As per the tender specifications, the C&DA is required to provide 3.83 lakh square meters of housing stock. APPL secured the project by committing to deliver 3.97 lakh square meters to MHADA, surpassing L&T’s offer of 2.6 lakh square meters. The project aims to rehabilitate 3,372 eligible residential units under MHADA, 328 commercial establishments, and 1,600 slum dwellings in accordance with the 1971 Slum Act. Meanwhile, SVR Srinivas, CEO of the Dharavi Redevelopment Project, stated on February 27 that the master plan for Dharavi’s redevelopment is expected to be finalized within a month, with the tenement survey set to conclude in the coming months. Srinivas further revealed that the estimated investment for the Dharavi redevelopment and rehabilitation initiative is projected to be approximately ₹3 lakh crore.

Mumbai, 11th March 2025: Bollywood actor Akshay Kumar has sold his apartment in Borivali East, Mumbai, for ₹4.35 crore. As per records from the Inspector General of Registration (IGR), the transaction was officially registered in March 2025, with a stamp duty payment of ₹26.1 lakh. The property, located in Oberoi Realty’s Sky City, is part of a premium residential project offering 3BHK, 3BHK+Studio, and Duplex apartments. According to IGR documents reviewed by Square Yards, Akshay Kumar had originally purchased the apartment in November 2017 for ₹2.37 crore. The unit has a carpet area of 1,073 sq ft (99.71 sqm) and comes with two dedicated car parking spaces. Earlier this year, in January, the actor sold another unit in the same building for ₹4.25 crore. This property was also bought in 2017. Other Bollywood celebrities, including Amitabh Bachchan and Abhishek Bachchan, have also invested in Sky City, acquiring multiple properties in May 2024.

Here comes the Land & Leisure Homes Expo 2025. Taking place from April 4th to April 6th, 2025, at Nesco – Goregaon, Bombay Exhibition Center, this premier event is the ultimate platform for real estate builders, investors, and property buyers to explore the best investment opportunities and weekend homes. Hosted by: Spazemedia and PrimeStage Media Media Partner: Outlook Business Gifting by: Ashnam Associate Partner: Dreams Per Square feet The nation’s exclusive real estate exhibition is bringing together a handpicked selection of scenic farmhouses, luxury villas, investment plots, resort properties, residential properties, and leisure homes – perfect for those seeking serene getaways or high-return investments. A Legacy of Excellence & Proven Success With previous editions built upon success, the Land & Leisure Homes Expo has been a sure market for top real estate in the country. Its previous events have seen high investor interest along with strategic partnerships, thereby being a platform changer for its exhibitors as well as the attendees. For Exhibitors: Put Your Projects in the Spotlight Land & Leisure Homes Expo 2025 is a premium platform for developers, builders, and service providers to showcase their finest projects before a thoroughly engaged audience. Focused on second homes, farmhouses, villas, residential properties  and leisure real estate, the exhibition will allow exhibitors to: Showcase their projects to high-intent buyers and investors. Increase brand visibility in an elite real estate network. An opportunity to secure lucrative deals in a vibrant and engaging environment! Expand your network and connect with key industry players. Opportunities like this don’t come often! Gain maximum visibility, connect with key industry players. Secure your spot now! Visit https://landandleisurehomes.com/upcoming-event.php or connect with us at 9321172793 / 8652259523 to book your space today! For Investors & Buyers: Your Next Home, Investment, and Lifestyle Is All Under One Roof! For those looking to invest in farmhouses, luxury villas, investment plots, resort properties, residential properties and leisure homes, peaceful countryside escapes, or high-growth real estate assets, the Land & Leisure Homes Expo 2025 is the perfect destination. Attendees can: Explore exclusive, handpicked properties from renowned developers. Gain valuable insights from top real estate experts and financial advisors. Connect directly with trusted builders and investment consultants. Discover properties tailored for personal retreats or high-return investments. Unlock special event-only deals and exclusive financing options. Stay ahead with the latest real estate trends and market opportunities. So, to register and avail all these benefits on https://landandleisurehomes.com/visit.phputm_source=Article&utm_medium=Press+Release&utm_campaign=Paid+Visitors The Exhibitors Which Fuel Innovation and Growth This year, Land & Leisure Homes Expo 2025 will exhibit excellence from developers at its finest level. Participants such as the country’s most reliable and prominent developers to top-rated real estate service providers enhance every event’s purpose, strengthening opportunities for networking and business development along with presence in the market while upholding this expo’s value as one of the crucial points in real estate. Why Attend? Access to the nation’s best second homes and luxury retreats. Best network opportunities among the greatest in the industry and investors, and developers. Peer Discussions led by experts in all the current trends, forecasts in the market, and investments strategies. Smooth Buying of Property experience with multiple developers. Event Details Venue: Nesco – Goregaon, Bombay Exhibition Center Dates: 4th, 5th and 6th April, 2025 Time: 10:00 AM to 08:00 PM About Land & Leisure Homes Expo The Land & Leisure Homes Expo stands as India’s leading real estate event that focuses exclusively on second properties and investment homes alongside premium leisure locations. Through its assembly of premier real estate developers with absolute investors and property purchasers the expo establishes industry evolution while providing complete real estate solutions. Since its successful past edition the expo has maintained its position to shape new investment perspectives while reshaping Indian lifestyle living practices. For Media Inquiries, Sponsorship Opportunities, or Exhibitor Participation, Please Contact: https://landandleisurehomes.com/contact-us.php or connect with us at 9321172793 / 8652259523

Mumbai, 6th March 2025: Tesla has finalized a five-year lease agreement for its first showroom in India, paving the way for its entry into the country’s electric vehicle (EV) market, according to a Reuters report. The showroom will be situated in Mumbai’s Maker Maxity building, located in the business and retail hub of Bandra Kurla Complex, near the city’s airport. As per the lease documents, the agreement commenced on February 16, 2025. Tesla will pay approximately $446,000 in rent for the first year for a 4,003-square-foot (372-square-meter) space, roughly equivalent to the size of a basketball court. Tesla has been eyeing the Indian market for years. While the company initially aimed to launch operations in 2022, regulatory challenges, high import duties, and inadequate EV infrastructure delayed its plans. After addressing these concerns, Tesla reignited its efforts last year to establish a presence in India, targeting one of the fastest-growing automotive markets in the world.

Pune, 24th February 2025 – Pune has reaffirmed its position as India’s leading real estate market, recording the highest housing sales across the country for the fourth consecutive year. The *Pune Housing Report – February 2025, jointly released by CREDAI Pune Metro and CRE Matrix, highlights Pune’s dominance, affordability, and rapid growth in the real estate sector. According to the report, Pune recorded 90,000 housing units sold in 2024, reflecting a 56% surge in sales since 2020. The total sales value soared to *₹65,000 crores in 2024, marking a 9.28% increase from ₹59,480 crores in 2023. The official unveiling of the report took place at the Ramkumar Rathi Hall, CREDAI Pune Metro office, Camp, attended by key industry leaders, including **CREDAI Pune Metro President Ranjit Naiknavare, CRE Matrix CEO Abhishek Gupta, Public Relations Convenor Kapil Gandhi, Management Committee Members Abhishek Bhatewara and Punit Oswal, Data Analyst Rahul Ajmera, and Hiren Parmar. Over 100 representatives from the real estate sector participated in the event. Key Insights from the Report India’s Top Real Estate Market – Pune led the country with nearly 90,000 housing units sold in CY2024, generating a total sales value of *₹65,000 crores, reflecting an extraordinary 116% growth since 2019. Affordability Fuels Growth – Pune remains the most affordable metro city in India, with an average home price of ₹73 lakh, significantly lower than Bengaluru (₹1.35 crore) and Hyderabad (₹1.75 crore). Investment Preference – 51% of individuals in Pune prefer real estate over other assets such as equities, gold, or fixed deposits, making it the most sought-after investment avenue. Market Expansion – Pune’s residential market has seen a *22% CAGR* in the total value of unit sales over the past five years. Changing Buyer Preferences – The share of homes priced below ₹70 lakh dropped to *60% in 2024, down from **85% in 2020, indicating **a rising demand for premium housing*. Luxury Housing Surge – Sales of homes priced above *₹1 crore have increased 5X in five years*, signaling Pune’s transformation into a more affluent real estate market. Affordable Housing Shift – Affordable homes priced below *₹45 lakh now account for 30% of total sales, compared to 55% in 2020, suggesting **a reduced supply in this segment. Regional Sales Hotspots – Over 75% of housing sales were concentrated in Pune North West (Hinjawadi – Mahalunge), Pune North East (Kharadi – Wagholi), and Pune North (Pimpri-Chinchwad). Southwest Pune Growth – The Kothrud-Bavdhan region witnessed a 55% rise in the average value of units sold between CY2020 and CY2024. Property Value Appreciation – Pune’s average home value has risen by 44% in the last five years, driven by larger unit sizes and higher input costs. Industry Leaders Weigh In Mr. Ranjit Naiknavare, President, CREDAI Pune Metro, stated: “Over the past five years, we have seen a remarkable 56% rise in sales volumes, positioning Pune as India’s highest-selling real estate market. The total sales value has doubled, contributing significantly to government revenues. The most striking trend is the **5X increase in sales of homes priced above ₹1 crore, reflecting Pune’s evolution into a premium housing market.” Mr. Abhishek Kiran Gupta, CEO, CRE Matrix, emphasized: “Pune’s housing market is undergoing a transformation, with homebuyers opting for larger, more spacious properties. Our report highlights that **units priced between ₹1 crore and ₹2 crore have witnessed the highest growth in value, showing strong buyer confidence and an evolving premium housing segment.” Market Challenges & Future Outlook During the event, Mr. Rahul Ajmera presented insights on ‘Real Estate Trends & Analysis’, noting that new project launches in Pune have declined by 25% due to delays in approvals, land acquisition issues, and regulatory constraints. This has limited homebuyer options and intensified competition among developers. Despite these challenges, Pune’s real estate market is poised for sustained expansion with rising industrial growth, infrastructure development, and increasing migration trends. The demand for premium housing is expected to strengthen Pune’s reputation as India’s most dynamic real estate destination. About CREDAI Pune Metro Established in 1982, CREDAI Pune Metro represents over 2,000 member developers, working to support and shape the real estate sector through policy advocacy, training, and industry workshops. The association remains at the forefront of providing market insights and regulatory updates to its members. Media Contact: Devendra Nazare | +91 9764770840 | devendra@milestones.in

Navi Mumbai, 27th Feb, 2025 – Blackstone Group, the world’s largest alternative asset manager, in partnership with leading real estate developer Panchshil Realty, is set to develop India’s largest hyperscale data center in Navi Mumbai. The project, with an estimated capacity of 500 MW and an investment exceeding Rs 20,000 crore, marks a significant milestone in India’s digital infrastructure landscape. This state-of-the-art hyperscale data center will be powered by up to 65% green and renewable energy, making it the first of its kind in the country to prioritize sustainability at this scale. Spanning over 3 million sq. ft. across 14 buildings, the development will cater to the growing demand for high-performance computing, cloud services, artificial intelligence, and data-intensive applications. The investment is Blackstone’s first Foreign Direct Investment (FDI) following its recent agreements with the Government of Maharashtra at the World Economic Forum in Davos. As part of this expansion, Panchshil Realty’s subsidiary, Gramercy Info Park, has acquired a nearly 50-acre land parcel adjacent to Reliance Corporate Park in Ghansoli, Navi Mumbai, for Rs 900 crore. The proposed facility will be built-to-suit for leading hyperscaler companies and is set to become a key hub for digital transformation in India. Blackstone is already developing two data centers in Navi Mumbai under its Lumina CloudInfra brand, each with an investment of over $300 million, adding up to 60 MW of capacity. The new hyperscale data center will further strengthen Blackstone’s presence in India’s data center ecosystem. Blackstone has been a leading investor in India with over $50 billion in assets under management since its entry into the country, with Maharashtra accounting for nearly 40% of these investments. The firm has invested over $20 billion in Indian real estate across major cities, making it the largest office owner in the country with a portfolio of 135 million sq. ft. This landmark project underscores Blackstone’s commitment to advancing India’s digital infrastructure and supporting the nation’s rapid technological growth.